| Feb 4, 2015
| 7:35 PM
The nation's richest public pension fund was a big winner in the settlement with Standard & Poor's Financial Services over its ratings on mortgage-backed securities lawsuits.
But that doesn't mean that the California Public Employees' Retirement System,...
| Feb 2, 2015
| 8:52 PM
In May 2004, as the U.S. housing market was heating up, Standard & Poor's Financial Services lost to a rival a huge deal to rate mortgage-backed securities to be issued by a major Japanese bank.
The reason? S&P's credit standards were too high, an...
| Feb 3, 2015
| 6:31 AM
Standard & Poor's is paying about $1.38 billion to settle government allegations that it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis.
The Justice Department announced S&P's settlement Tuesday...
| Feb 3, 2015
| 12:35 PM
WASHINGTON The immensely powerful Standard & Poor's credit rating agency will pay a whopping $1.375 billion to settle charges brought by 19 states, the District of Columbia and the federal government, Attorney General Eric Holder announced Tuesday....
| Jan 23, 2015
| 10:37 AM
Hospital prices for routine knee and hip replacement surgeries vary by tens of thousands of dollars in cities across California and nationwide, a new insurance industry report shows.
The Los Angeles and Long Beach market, for instance, had one of the...
| Jan 20, 2015
| 6:27 PM
Board members of CalPERS, the country's largest public pension fund, Tuesday reelected labor leader Rob Feckner to an 11th one-year term as president.
Rob Feckner, 57, has worked for the Napa Unified School District for 38 years, starting as a bus...
| Jan 14, 2015
| 6:42 PM
A former state pension board member at the center of a long-running influence-peddling scandal that rocked state government committed suicide Tuesday, just weeks before the start of his federal trial on bribery and fraud charges.
Police in Reno...
| Jan 14, 2015
| 12:38 PM
Alfred J.R. Villalobos, a former state pension fund board member who faced trial next month on federal corruption and bribery charges, has committed suicide, officials said Wednesday.
The Reno Police Department confirmed that Villalobos' death was a...
| Jan 13, 2015
| 7:29 PM
Amid concern over soaring retiree costs, the state's nearly $300-billion public pension fund issued an annual report that showed solid investment gains.
The report released Tuesday by the California Public Employees' Retirement System showed an...
| Jan 12, 2015
| 7:55 PM
A former state pension fund board member, awaiting trial next month on federal fraud, bribery and other criminal charges, is too sick to come to court, his lawyer said Monday.
Alfred J.R. Villalobos, 71, of Reno was a central figure in an influence-...
| Oct 23, 2014
| 2:00 AM
Directing traffic is part of a police officer's job, and in the city of Fountain Valley, keeping cars moving comes with a $145 monthly bonus — and a bigger pension.
Fountain Valley officers can also pump up their pensions by working with police...